August 28, 2015 - Gold at a Key Crossroad

Posted by Patrick Ceresna on Aug 28, 2015 8:29:00 AM

 

Over the last several months we discussed the $1080 support on gold in detail.  So will that support hold as an intermediate bottom? During this current distribution phase, if gold can find support above $1,100 or simply retest $1080 on a short term basis, a bottom can be developed.  It is premature to get excited, because any sustained price below $1,100 can usher in a $100 drop down toward the $1,000 handle. We should get some key clues in the next week.

GoldAug27

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August 21, 2015 - Market Meltdown, What Should You Do?

Posted by Patrick Ceresna on Aug 21, 2015 8:02:00 AM

We have been warning for many weeks about the vulnerability of the markets and yesterday we got the first big breakdown.  While the short term is oversold, the bigger picture is still high risk.  In this low volume month of August, the selling could be surprisingly intense.  If the Dow breaks to a new year low, we could see selling capitulate lower. Remain on high alert!

DowBreakAug2015

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August 20, 2015 - Are We Close To An Oil Bottom?

Posted by Patrick Ceresna on Aug 20, 2015 11:12:00 AM

oilbottomaug

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